Can I retire at age 46 with 1,680,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$138,733$137,497$136,291$135,115$133,966$131,530
2 years$68,680$67,401$66,161$64,959$63,793$61,348
3 years$45,332$44,047$42,810$41,620$40,473$38,094
4 years$33,660$32,379$31,155$29,985$28,866$26,572
5 years$26,659$25,386$24,178$23,031$21,943$19,741
6 years$21,993$20,729$19,539$18,418$17,363$15,255
7 years$18,661$17,408$16,237$15,143$14,121$12,107
8 years$16,164$14,922$13,770$12,703$11,714$9,795
9 years$14,222$12,993$11,860$10,820$9,865$8,039
10 years$12,670$11,452$10,340$9,327$8,406$6,671
11 years$11,401$10,195$9,103$8,117$7,229$5,583
12 years$10,344$9,151$8,079$7,120$6,265$4,706
13 years$9,450$8,270$7,218$6,286$5,463$3,989
14 years$8,685$7,517$6,485$5,580$4,789$3,397
15 years$8,022$6,867$5,855$4,976$4,216$2,904
16 years$7,443$6,300$5,309$4,456$3,726$2,490
17 years$6,932$5,802$4,831$4,003$3,304$2,141
18 years$6,479$5,361$4,410$3,608$2,938$1,845
19 years$6,074$4,969$4,037$3,260$2,619$1,594
20 years$5,710$4,617$3,705$2,953$2,339$1,378
21 years$5,381$4,301$3,408$2,680$2,093$1,194
22 years$5,082$4,015$3,141$2,436$1,876$1,035
23 years$4,810$3,755$2,900$2,219$1,684$899
24 years$4,560$3,518$2,682$2,024$1,514$781
25 years$4,331$3,302$2,484$1,848$1,362$679
26 years$4,120$3,103$2,304$1,690$1,227$591
27 years$3,925$2,920$2,139$1,547$1,106$515
28 years$3,744$2,752$1,989$1,417$998$448
29 years$3,576$2,596$1,851$1,300$901$391
30 years$3,420$2,452$1,724$1,193$814$341
31 years$3,274$2,318$1,607$1,095$736$297
32 years$3,137$2,193$1,500$1,007$666$259
33 years$3,009$2,077$1,400$926$603$226
34 years$2,888$1,968$1,308$852$546$197
35 years$2,775$1,867$1,223$784$494$172
36 years$2,668$1,772$1,144$722$448$150
37 years$2,567$1,683$1,071$665$406$131
38 years$2,472$1,599$1,003$613$368$115
39 years$2,382$1,521$940$565$334$100
40 years$2,297$1,447$881$522$303$88
41 years$2,216$1,377$826$481$275$77
42 years$2,139$1,312$775$444$249$67
43 years$2,066$1,250$727$410$226$58
44 years$1,996$1,191$682$379$205$51
45 years$1,930$1,136$641$350$186$45
46 years$1,866$1,084$602$323$169$39
47 years$1,806$1,034$565$298$154$34
48 years$1,748$987$531$276$140$30
49 years$1,693$943$499$255$127$26
50 years$1,640$901$469$235$115$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 46 starting with $1,680,000, adding $3,083 every year, while hoping to spend $42,519 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 50/33/17 Blend
45$1,680,000$1,680,000$1,680,000$1,680,000
46$1,854,540$1,765,500$1,739,460$1,938,398
47$1,998,463$1,806,770$1,752,492$2,037,803
48$2,155,642$1,848,637$1,764,536$2,141,121
49$2,327,382$1,891,085$1,775,513$2,252,480
50$2,515,124$1,934,097$1,785,341$2,372,653
51$2,720,452$1,977,652$1,793,935$2,502,490
52$2,945,109$2,021,729$1,801,203$2,642,929
53$3,191,018$2,066,301$1,807,051$2,795,003
54$3,460,293$2,111,341$1,811,378$2,959,850
55$3,755,263$2,156,817$1,814,080$3,138,725
56$4,078,494$2,202,695$1,815,046$3,333,009
57$4,432,810$2,248,937$1,814,160$3,544,227
58$4,821,324$2,295,502$1,811,301$3,774,056
59$5,247,461$2,342,344$1,806,342$4,024,348
60$5,714,997$2,389,414$1,799,150$4,297,142
61$6,228,089$2,436,657$1,789,583$4,594,684
62$6,791,316$2,484,016$1,777,497$4,919,453
63$7,409,724$2,531,426$1,762,736$5,274,180
64$8,088,868$2,578,818$1,745,140$5,661,873
65$8,834,870$2,626,118$1,724,540$6,085,851
66$9,654,475$2,673,245$1,700,760$6,549,770
67$10,555,110$2,720,113$1,673,614$7,057,662
68$11,544,960$2,766,627$1,642,909$7,613,970
69$12,633,041$2,812,688$1,608,442$8,223,591
70$13,829,288$2,858,186$1,570,001$8,891,924
71$15,144,643$2,903,005$1,527,364$9,624,921
72$16,591,165$2,947,020$1,480,298$10,429,140
73$18,182,137$2,990,098$1,428,562$11,311,814
74$19,932,197$3,032,095$1,371,901$12,280,913
75$21,857,471$3,072,857$1,310,050$13,345,222
76$23,975,727$3,112,221$1,242,730$14,514,428
77$26,306,542$3,150,010$1,169,652$15,799,204
78$28,871,487$3,186,038$1,090,513$17,211,319
79$31,694,328$3,220,104$1,004,995$18,763,744
80$34,801,256$3,251,995$912,768$20,470,777
81$38,221,124$3,281,483$813,486$22,348,178
82$41,985,728$3,308,325$706,787$24,413,318
83$46,130,102$3,332,263$592,295$26,685,347
84$50,692,850$3,353,021$469,614$29,185,369
85$55,716,509$3,370,308$338,334$31,936,651
86$61,247,950$3,383,810$198,026$34,964,835
87$67,338,821$3,393,197$48,240$38,298,187
88$74,046,034$3,398,117$0$41,967,859
89$81,432,301$3,398,196$0$46,028,437
90$89,566,724$3,393,036$0$50,508,179
91$98,525,450$3,382,215$0$55,440,136
92$108,392,389$3,365,287$0$60,870,385
93$119,260,002$3,341,775$0$66,849,709
94$131,230,176$3,311,176$0$73,434,072
95$144,415,186$3,272,955$0$80,685,153
96$158,938,753$3,226,548$0$88,670,923
97$174,937,209$3,171,352$0$97,466,296
98$192,560,790$3,106,734$0$107,153,829
99$211,975,045$3,032,018$0$117,824,506
100$233,362,405$2,946,493$0$129,578,601